This Year Again, a Surge in 감사 Appointments... Frequent Rejections Due to Lack of Quorum

[Asia Economy Reporter Hyunseok Yoo] This year, cases of audit committee appointment proposals being rejected at regular shareholder meetings are increasing.

According to the Financial Supervisory Service's electronic disclosure system on the 24th, KOSDAQ-listed company Opticis announced that its audit committee appointment proposal was rejected due to a lack of quorum at the shareholder meeting held that day. TK Chemical, Images, and Estec Pharma also failed to pass their audit committee appointment proposals consecutively on the same day.

This is interpreted as an effect of the so-called '3% rule.' When appointing an auditor at a listed company, the voting rights of the largest shareholder and related parties are limited to 3% of the total shares. Because of this, small KOSDAQ companies with low participation from minority shareholders often face difficulties in appointing auditors.

Previously, in December last year, among 1,244 KOSDAQ-listed companies with December fiscal year-end, 490 companies, accounting for 39.4%, submitted audit committee appointment proposals at their shareholder meetings. Among them, nearly a quarter, 125 companies, failed to appoint auditors.

This content was produced with the assistance of AI translation services.